Black women make nearly $1 million less than white men during their careers investinyou (In partnership with acorns.)
"It doesn't go away, you know, it gets a little bigger, it gets a little smaller, but the wage gap is there," she added. "There's a wage gap in 94% of occupations."
Research shows Black women face a persistent pay gap, including in jobs that have been essential during the pandemic. Black women who work in areas that are critical to the Covid-19 recovery such as doctors, nurses, teachers, child care workers, wait staff, and cashiers, for example, make 11% to 27% less than white men, according data from the Economic Policy Institute.
In higher-paid professions, including among doctors on the frontlines fighting Covid, the inequality is magnified. White male physicians and surgeons make $63.41 an hour on average. Black women in these positions make less than $46.59 an hour, EPI found. That pay gap can potentially result in millions of dollars of lost wages in a Black female physician's lifetime, Tucker said., are among the factors that can exacerbate the overall gender and racial wealth gap. Yet some companies are making strides to provide benefits that could help narrow the divide — by providing student loan repayment assistance and subsidized child care.
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